Tesla, the world's largest producer of electric cars, has raised the price of its vehicles by thousands of dollars in just the past two weeks as the cost of raw materials like metal has skyrocketed.
The listed prices of several new Tesla models climbed Tuesday, according to the company website, compared to the prices from March 1. Tesla CEO Elon Musk hinted earlier at why prices are rising, saying in a tweet Sunday that the company is “seeing significant recent inflation pressure in raw materials and logistics.”
Read the full article: https://www.cbsnews.com/news/tesla-price-metal-model-electric-vehicle/.
Tesla TSLA is down 3.24% in premarket trading after it was reported that the EV maker had increased prices on its U.S. models amid a jump in raw materials and supply chain snags. What’s your current bias on TSLA?
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